Payslip Earning items mostly consists of
- House Rent
- Other Allowance
- Any specific (organization would like to add)
While hiring a new employee, salary is discussed and agreed then HR used to issue appointment letter stating above details and issue monthly payslips on transfer of each pay.
We have learn that Manager supports for Recurring Payslips. Is it possible to devise a mechanism that can auto calculate above items based on common practices like basic is calculated at 66.67% and likewise for rest.
Secondly, certain organization give loan to employee which is deductible on agreed months. Is it possible that certain parameters are assigned and on complete recovery auto deduction is discontinued.